(PRESS RELEASE) MUNICH/ BERLIN, 11-Aug-2022 — /EuropaWire/ — Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY), a German semiconductor manufacturer, has announced the expansion of its expertise in the area of AI powered predictive analysis for industrial machinery and equipment through the acquisition of Industrial Analytics, a Berlin-based startup that is focused on predictive maintenance through AI powered analysis and evaluation. The transaction is for 100 percent of the startup’s shares while the amount has not been disclosed.
“Industrial Analytics has outstanding expertise in the area of predictive analysis for industrial machinery and equipment using artificial intelligence,” said Peter Wawer, President of Infineon’s Industrial Power Control division. “We intend to jointly expand Industrial Analytics’ business and to offer Infineon’s industrial customers new AI solutions that complement our semiconductor portfolio.”
“Together with Infineon, we can accelerate our growth path of the past years,” said Anja Vedder, Co-Founder and Managing Director of Industrial Analytics. “With Infineon, we not only gain a strong partner, we also receive access to Infineon’s system knowledge as a leading semiconductor company. We will benefit enormously from this.”
Industrial Analytics develops artificial intelligence solutions which for example monitor plants for early detection of critical developments, based on analysis and evaluation of vibrations. The AI solutions from Industrial Analytics not only evaluate data for predictive maintenance, but also provide recommendations for action (prescriptive maintenance).
Infineon Technologies AG is a world leader in semiconductor solutions that make life easier, safer and greener. Microelectronics from Infineon are the key to a better future. With around 50,280 employees worldwide, Infineon generated revenue of about €11.1 billion in the 2021 fiscal year (ending 30 September). Infineon is listed on the Frankfurt Stock Exchange (ticker symbol: IFX) and in the USA on the over-the-counter market OTCQX International Premier (ticker symbol: IFNNY).
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SOURCE: Infineon Technologies AG